(19 JUNE 2017)GOLD (in USD):Monitoring uptrend channel.

(19 JUNE 2017)GOLD (in USD):Monitoring uptrend channel.

19 June 2017, 14:03
Jiming Huang
0
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gold


Monitoring uptrend channel.

• Gold is now monitoring the lower bound of the 

uptrend channel. Hourly support is located at 

1249 (intraday low). Stronger support is given at 

1214 (09/05/2017 low). Expected to show 

renewed upside pressures. 

• In the long-term, the technical structure 

suggests that there is a growing upside 

momentum. A break of 1392 (17/03/2014) is 

necessary ton confirm it, A major support can be 

found at 1045 (05/02/2010 low).

(By Yann Quelenn)


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